Prices have run ahead of themselves and short- and medium-term indicators are approaching the top end of their range. A temporary correction is overdue, and prices are likely to ease soon.

Support appears at 77 cents, a level that coincides with the company’s net asset value. Over the longer term, the positive cross by the 50- and 100-day moving averages should be able to support higher levels. The high on Aug 14 of 87 cents is an all-time high, and would need to be bettered to indicate a new upside.